Section 408.Sec. 11 - NEW1. In evaluating and determining whether to approve an application for a loan or other financial assistance from the Bank, the Board of Directors will consider the report prepared by the staff of the Bank pursuant to section 10 of this regulation, whether the qualified project is consistent with the standards and goals set forth in Nevada's Climate Strategy for the year 2020 and the goals for the reduction of greenhouse gas emissions set forth in NRS 445B.380 and 704.7820, and whether approval of an application is consistent with the goal of the Bank to have at least 40 percent of the principal amount of the loans or other financial assistance provided by the Bank be provided to qualified borrowers for qualified projects that are located:(a) In a census tract designated as a qualified census tract by the United States Secretary of Housing and Urban Development pursuant to 26 U.S.C. § 42(d)(5)(B)(ii);(b) In a census tract which has a high level of social vulnerability as determined according to the Social Vulnerability Index developed by the Centers for Disease Control and Prevention of the United States Department of Health and Human Services;(c) In a community which the Board of Directors determines to have a relatively large percentage of the population having limited English proficiency;(d) On tribal lands or in communities where tribal members commonly reside; or(e) In areas that have been subject to historical instances of redlining, segregation or other discriminatory practices.2. The Bank shall collect data regarding:(a) The location of qualified projects financed in whole or in part by the Bank including, without limitation, whether a qualified project is located in one of the areas listed in paragraphs (a) to (e), inclusive, of subsection 1; and(b) The impact of such projects on the surrounding area.Nev. Admin. Code § 408.Sec. 11
Added to NAC by Dep't of Transportation by R017-22A, eff. 4/19/2022